Brent Crude – Oil Slides 2% in European Trade Before a Recovery, OPEC+ Meeting Next

There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx 600 retreated 0.47%, while the Nikkei gave […]

According to the EUR/USD chart, the euro to dollar exchange rate yesterday surpassed the peak from early June, rising above 1.092 – the last time the price was at this level was on March 21. Bullish sentiments in the market were supported by: → Approaching Thursday’s meeting of the European Central Bank – it is […]

Cable is turning south for the last few weeks, as price stopped at the trendline connected from 2023 high so we certainly should not be surprised by current retracement. Break below the channel support also confirms a corrective phase for the pound, against the previous five wave rise, especially after latest UK CPI figures and […]